• FFG: $68.42

Income Statement

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD

Revenues

Interest sensitive product charges 109,770 114,584 111,928 112,936 92,165
Traditional life insurance premiums 183,300 190,956 196,914 195,330 148,712
Net investment income 382,082 391,149 404,170 415,199 310,753
Net realized capital gains (losses) 3,760 11,062 3,106 599 (1,615)
Total other-than-temporary impairment losses (822) (719) (7,320) (3,986) NA
Non-credit portion in other comprehensive income/loss 0 146 2,451 0 NA
Net other-than-temporary impairment losses recognized in earnings (822) (573) (4,869) (3,986) (1,090)
Other income 14,849 15,631 15,165 15,400 12,065
Total revenues 692,939 722,809 726,414 735,478 560,990

Benefits and expenses

Interest sensitive product benefits 211,540 217,443 238,586 251,878 194,127
Traditional life insurance benefits 162,876 176,145 177,682 173,023 133,349
Policyholder dividends 12,012 11,828 10,574 10,140 7,591
Underwriting, acquisition and insurance expenses 138,258 143,668 135,967 134,878 107,621
Interest expense 4,707 4,850 4,850 4,850 3,638
Other expenses 16,445 17,507 16,966 18,382 16,281
Total benefits and expenses 545,838 571,441 584,625 593,151 462,607
Total 147,101 151,368 141,789 142,327 98,383
Income taxes (47,335) (47,418) (46,010) 40,729 (14,462)
Equity income, net of related income taxes 10,103 9,523 11,440 11,299 3,441
Net income 109,869 113,473 107,219 194,355 87,362
Net loss (income) attributable to noncontrolling interest 72 54 4 (28) 16
Net income attributable to FBL Financial Group, Inc. 109,941 113,527 107,223 194,327 87,378
Earnings per common share 4.42 4.55 4.29 7.76 3.50
Earnings per common share - assuming dilution 4.39 4.53 4.28 7.75 3.50
Cash dividend per common share 1.40 1.60 1.68 1.76 NA
Special cash dividend per common share 0 2.00 2.00 1.50 NA

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 109,869 113,473 107,219 194,355 87,362

Other comprehensive income (loss)

Change in net unrealized investment gains/losses 142,121 (146,579) 38,077 88,685 (191,339)
Non-credit impairment losses 0 (90) (1,476) 0 NA
Change in underfunded status of postretirement benefit plans (2,778) 2,791 (1,578) (1,483) 797
Total other comprehensive income (loss), net of tax 139,343 (143,878) 35,023 87,202 (190,542)
Total comprehensive income (loss), net of tax 249,212 (30,405) 142,242 281,557 (103,180)
Comprehensive (income) loss attributable to noncontrolling interest 72 54 4 (28) 16
Total comprehensive income (loss) applicable to FBL Financial Group, Inc. 249,284 (30,351) 142,246 281,529 (103,164)
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.